The breakdown of the GBPCHF is clearly portrayed on the , which has shown recent violations of two and a 2-3 week support. The current retest of this support-turned-resistance level is further displayed on the 1 Hour chart. With a clearer look into PA, I was able to pinpoint a level of interest.
The I feel comfortable shorting is just 21 pips, while the upside is much greater. As of right now, price has reached within 2 pips of the zone.
I plan on executing once price has breached 30 - 50% of the zone, allowing me to accurately determine whether or not the Bears are showing their hand.